The global alcohol-based disinfectants market is expected to witness significant growth over the next seven years on account of high alcohol-based disinfectant demand from the end-use industries. Alcohol-based anti-microbial agents that are applied to objects to kill harmful microorganisms are known as disinfectants. The ability of alcohol-based disinfectants to efficiently kill germs and evaporate immediately is predicted to boost the global market growth. The food industry has observed massive growth over the last few years and is further anticipated to grow over the forecast period. Alcohol-based disinfectants are used in the food sanitization process. Once sanitized with the disinfectant the food product remains extremely clean. The medicine industry which has immense use for alcohol-based disinfectants is expected to augment the market growth.
Alcohol-based disinfectant is an extremely strong cleaning agent that is used in various facilities for numerous equipment sterilization. Growing consumer preference for hand sanitizers has enhanced the global alcohol-based disinfectants market growth. It is again used as a cleaning agent in hand sanitizers. Growing change in demand for domestic and industrial disinfectants is estimated to boost the market growth over the next seven years. The paint industry has observed continuous growth over the past few years and is expected to bolster the global market growth. They are added to paints to remove unwanted microorganisms. The boom in the cosmetics industry is touted to enhance the global alcohol-based disinfectant market. They are added to cosmetics for the sole purpose of eliminating harmful microbial. They also serve as an extremely efficient preservative for most of these industries, thereby aiding the global market growth over the forecast period. Rising demand from the soap industry is anticipated to boost the global alcohol-based disinfectant market growth.
Alcohol-based disinfectants are added to glycerin soaps for cleansing and moisturizing purpose. The aerosol spray sector which has witnessed considerable growth in the recent past is further touted to enhance the market growth. Aerosol sprays used for coverage and adhesion to hard surfaces such as countertops, baths, and toilets include alcohol-based disinfectants for cleansing purposes. High growth in the hospital industry is projected to increase market growth over the next seven years. The rise in infection cases acquired from hospitals has led almost all hospitals to compulsorily use alcohol-based disinfectants in every procedure. Constant increasing awareness about hygiene all over the world has positively driven the global alcohol-based disinfectant market growth. Hand sanitizer application in classrooms all over the world has resulted in the global alcohol-based disinfectants market growth. The hand sanitizer sector has dominated the market by acquiring approximately 55% market share. Nonalcoholic disinfectants have started substituting conventional alcohol-based disinfectants. These non-alcoholic disinfectants are cheaper when compared to conventional disinfectants. This trend is expected to hamper the global alcohol-based disinfectants market growth over the next seven years. The market segmentation for the alcohol-based disinfectant includes hand sanitizers, clinical devices, and clinical surfaces. The product segmentation for the alcohol-based disinfectant includes n-propyl alcohol, methyl alcohol, ethyl alcohol, and isopropyl alcohol.
North America has dominated the global alcohol-based disinfectants market by acquiring approximately 33% of the global market share. Europe and Asia Pacific have started experiencing rapid demand growth due to a rise in disposable income and high urbanization. Countries such as India, Japan, China, Malaysia, and Indonesia have shown a positive increase in demand over the last few years and are further expected to grow over the next seven years.
Prominent global alcohol-based disinfectant industry participants include 3M Company, BODE Chemie Gmbh, Ecolab Inc., Reckitt Benckiser, DuPont de Nemours Corporation, and Johnson & Johnson. The rise in disposable income has led to an increase in industry participants globally.
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The ongoing pandemic and consequent protocols that have been purposed to address public health and safety concerns have led to a rise in demand for disinfectant chemicals. Companies across the globe are ramping up their production to facilitate the sudden spike in demand from healthcare organizations, food retail, municipal departments and households alike. The report will account for Covid19 as a key market contributor.